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Topic: [Unofficial] Coinpot.co - new microwallet - page 48. (Read 100650 times)

jr. member
Activity: 111
Merit: 2
unable to claim all moon? all show 0.00000000

Yes confirmed, it's impossible to claim. The only site working right now is "Bonus Bitcoin"
For me too but 8 hours before I claimed.

PD: I stoped gambling multiplier method this month, I only plays and take the results as they comes. I will make balance when June ends ;-)
legendary
Activity: 3276
Merit: 3537
Nec Recisa Recedit
unable to claim all moon? all show 0.00000000

Yes confirmed, it's impossible to claim. The only site working right now is "Bonus Bitcoin"
newbie
Activity: 1
Merit: 0
unable to claim all moon? all show 0.00000000
sr. member
Activity: 840
Merit: 267
Chad Hodler since 2013
Multiplayer is not a scam. Plus you get tons of bonus stars and rewards that comes with just from rolling. You will rarely if ever lose on the 10,000 or 30,000 daily rolls if you stick to 1 token per roll.
Not rarely... And multiplier goal, imo, is to hook the users to make them deposit and re-lose tokens again... and again... and again...

I explain:
OK, in normal circunstances every day you should get aprox 0,000021 BTC (21 stars = 2100 tokens = 0,000021 BTC or even more when 1 BTC < $10.000). Then, you every day go and get more tokens but some day suddenly an absolutely rare planetary event happens... and you LOSE 5000 tokens following the same method followed every day to get 2100 tokens... the user (possibly angry and upset) has 2 choices:
- OK, keep calm and tomorrow will be different...
- ... or bet higher to recover it... and more tokens lost...
- ... or stop gambling forever

This is studied and psico-scientifically demonstrated that the 2nd is the most chosen option and this is the goal of sites like Coinpot and others. The correct one, after months of analysis, Statistics and Excel... will be the 3rd one (but hard to choose for most common gamblers).

Everyday governments in "1st world" countries shutdown sites like this. Do you know where is registered Coinpot? Why Coinpot exist? Which is its goal?

PD: BCH and DASH daily bonus suddenly went to 0%... I don't know why and I know it is only for me... but who cares (I stopped).

1) what you have described is gambling. the multiplier is gambling. nobody is saying otherwise. except that you have convinced yourself that you devised a gaming/mining strategy that you should give you profit each day! this is "gambler's fallacy"
if you have a problem with gambling, please get help http://www.gamblersanonymous.org/

2) if you lost your loyalty bonus on BCH and DASH it must be because you didnt claim for over 24 hours. its not just you. thats how it works.
You say "gambler's fallacy"... well... I say:
- 1º Everyday, normally, I was getting a PROFIT of 1500-2500 tokens.
- 2º Suddenly, during 5 consecutive days, I was getting a LOSE of more than 3000 tokens.

You call this "gambling"? I call this SCAM!

You should stop gambling.

Gambler assumes he'll make a profit out of it, but currently he never does.

I don't know of everybody who has made gambling a stable income of profits. Nodoby. But on the contrary gambling made lots of them broke.

If you absolutely can't refrain from it, try to take it as a entertainment and always bet the sum you can afford to loose.

Also, remember, in the long run, the house always win.

For me, you can continue to gamble since you probably help the house stay up and pay the faucets Smiley
jr. member
Activity: 111
Merit: 2
Multiplayer is not a scam. Plus you get tons of bonus stars and rewards that comes with just from rolling. You will rarely if ever lose on the 10,000 or 30,000 daily rolls if you stick to 1 token per roll.
Not rarely... And multiplier goal, imo, is to hook the users to make them deposit and re-lose tokens again... and again... and again...

I explain:
OK, in normal circunstances every day you should get aprox 0,000021 BTC (21 stars = 2100 tokens = 0,000021 BTC or even more when 1 BTC < $10.000). Then, you every day go and get more tokens but some day suddenly an absolutely rare planetary event happens... and you LOSE 5000 tokens following the same method followed every day to get 2100 tokens... the user (possibly angry and upset) has 2 choices:
- OK, keep calm and tomorrow will be different...
- ... or bet higher to recover it... and more tokens lost...
- ... or stop gambling forever

This is studied and psico-scientifically demonstrated that the 2nd is the most chosen option and this is the goal of sites like Coinpot and others. The correct one, after months of analysis, Statistics and Excel... will be the 3rd one (but hard to choose for most common gamblers).

Everyday governments in "1st world" countries shutdown sites like this. Do you know where is registered Coinpot? Why Coinpot exist? Which is its goal?

PD: BCH and DASH daily bonus suddenly went to 0%... I don't know why and I know it is only for me... but who cares (I stopped).

1) what you have described is gambling. the multiplier is gambling. nobody is saying otherwise. except that you have convinced yourself that you devised a gaming/mining strategy that you should give you profit each day! this is "gambler's fallacy"
if you have a problem with gambling, please get help http://www.gamblersanonymous.org/

2) if you lost your loyalty bonus on BCH and DASH it must be because you didnt claim for over 24 hours. its not just you. thats how it works.
You say "gambler's fallacy"... well... I say:
- 1º Everyday, normally, I was getting a PROFIT of 1500-2500 tokens.
- 2º Suddenly, during 5 consecutive days, I was getting a LOSE of more than 3000 tokens.

You call this "gambling"? I call this SCAM!
newbie
Activity: 126
Merit: 0
Multiplayer is not a scam. Plus you get tons of bonus stars and rewards that comes with just from rolling. You will rarely if ever lose on the 10,000 or 30,000 daily rolls if you stick to 1 token per roll.
Not rarely... And multiplier goal, imo, is to hook the users to make them deposit and re-lose tokens again... and again... and again...

I explain:
OK, in normal circunstances every day you should get aprox 0,000021 BTC (21 stars = 2100 tokens = 0,000021 BTC or even more when 1 BTC < $10.000). Then, you every day go and get more tokens but some day suddenly an absolutely rare planetary event happens... and you LOSE 5000 tokens following the same method followed every day to get 2100 tokens... the user (possibly angry and upset) has 2 choices:
- OK, keep calm and tomorrow will be different...
- ... or bet higher to recover it... and more tokens lost...
- ... or stop gambling forever

This is studied and psico-scientifically demonstrated that the 2nd is the most chosen option and this is the goal of sites like Coinpot and others. The correct one, after months of analysis, Statistics and Excel... will be the 3rd one (but hard to choose for most common gamblers).

Everyday governments in "1st world" countries shutdown sites like this. Do you know where is registered Coinpot? Why Coinpot exist? Which is its goal?

PD: BCH and DASH daily bonus suddenly went to 0%... I don't know why and I know it is only for me... but who cares (I stopped).

1) what you have described is gambling. the multiplier is gambling. nobody is saying otherwise. except that you have convinced yourself that you devised a gaming/mining strategy that you should give you profit each day! this is "gambler's fallacy"
if you have a problem with gambling, please get help http://www.gamblersanonymous.org/

2) if you lost your loyalty bonus on BCH and DASH it must be because you didnt claim for over 24 hours. its not just you. thats how it works.

   Oh man . . . . . i have so much trouble when this happen . . . . . you get told you have 2 choices , and then they give you 3 !!! . . . what am i going to do now . . ??
     the user (possibly angry and upset) has 2 choices:
- OK, keep calm and tomorrow will be different...
- ... or bet higher to recover it... and more tokens lost...
- ... or stop gambling forever
full member
Activity: 338
Merit: 104
Multiplayer is not a scam. Plus you get tons of bonus stars and rewards that comes with just from rolling. You will rarely if ever lose on the 10,000 or 30,000 daily rolls if you stick to 1 token per roll.
Not rarely... And multiplier goal, imo, is to hook the users to make them deposit and re-lose tokens again... and again... and again...

I explain:
OK, in normal circunstances every day you should get aprox 0,000021 BTC (21 stars = 2100 tokens = 0,000021 BTC or even more when 1 BTC < $10.000). Then, you every day go and get more tokens but some day suddenly an absolutely rare planetary event happens... and you LOSE 5000 tokens following the same method followed every day to get 2100 tokens... the user (possibly angry and upset) has 2 choices:
- OK, keep calm and tomorrow will be different...
- ... or bet higher to recover it... and more tokens lost...
- ... or stop gambling forever

This is studied and psico-scientifically demonstrated that the 2nd is the most chosen option and this is the goal of sites like Coinpot and others. The correct one, after months of analysis, Statistics and Excel... will be the 3rd one (but hard to choose for most common gamblers).

Everyday governments in "1st world" countries shutdown sites like this. Do you know where is registered Coinpot? Why Coinpot exist? Which is its goal?

PD: BCH and DASH daily bonus suddenly went to 0%... I don't know why and I know it is only for me... but who cares (I stopped).

1) what you have described is gambling. the multiplier is gambling. nobody is saying otherwise. except that you have convinced yourself that you devised a gaming/mining strategy that you should give you profit each day! this is "gambler's fallacy"
if you have a problem with gambling, please get help http://www.gamblersanonymous.org/

2) if you lost your loyalty bonus on BCH and DASH it must be because you didnt claim for over 24 hours. its not just you. thats how it works.
jr. member
Activity: 111
Merit: 2
Multiplayer is not a scam. Plus you get tons of bonus stars and rewards that comes with just from rolling. You will rarely if ever lose on the 10,000 or 30,000 daily rolls if you stick to 1 token per roll.
Not rarely... And multiplier goal, imo, is to hook the users to make them deposit and re-lose tokens again... and again... and again...

I explain:
OK, in normal circunstances every day you should get aprox 0,000021 BTC (21 stars = 2100 tokens = 0,000021 BTC or even more when 1 BTC < $10.000). Then, you every day go and get more tokens but some day suddenly an absolutely rare planetary event happens... and you LOSE 5000 tokens following the same method followed every day to get 2100 tokens... the user (possibly angry and upset) has 2 choices:
- OK, keep calm and tomorrow will be different...
- ... or bet higher to recover it... and more tokens lost...
- ... or stop gambling forever

This is studied and psico-scientifically demonstrated that the 2nd is the most chosen option and this is the goal of sites like Coinpot and others. The correct one, after months of analysis, Statistics and Excel... will be the 3rd one (but hard to choose for most common gamblers).

Everyday governments in "1st world" countries shutdown sites like this. Do you know where is registered Coinpot? Why Coinpot exist? Which is its goal?

PD: BCH and DASH daily bonus suddenly went to 0%... I don't know why and I know it is only for me... but who cares (I stopped).
jr. member
Activity: 116
Merit: 1
did anyone receive withdrawal confirmation lately? nothing for me last 24h.
newbie
Activity: 126
Merit: 0
Multiplayer is not a scam. Plus you get tons of bonus stars and rewards that comes with just from rolling. You will rarely if ever lose on the 10,000 or 30,000 daily rolls if you stick to 1 token per roll.

  Hi , i can't see anything on there about daily rolls , where is that ?
full member
Activity: 158
Merit: 100
Multiplayer is not a scam. Plus you get tons of bonus stars and rewards that comes with just from rolling. You will rarely if ever lose on the 10,000 or 30,000 daily rolls if you stick to 1 token per roll.
full member
Activity: 953
Merit: 102
★★ freecoyn.com ★★
For all Coinpot users: Again, multiplier seems to be a scam so don't play it.

Tested again last 5 days with this config:

- 5 distributed computers with 100k autoroll each one and different IP
- Different multiplier combinations: always higher, always lower, always alternate, alternate when win, alternate when lose
- RESULT: More than 300 tokens lost IN EACH WINDOW! AND EVERY DAY!!

So be very carefull when playing multiplier... you should NEVER DEPOSIT crypto on websites like this.

You say you lost 300 coins after 100k autorolls, but in the same time you win 2100 challenge coins (and they pay this most of the time). So as I calculate this, it is a win of 1800 coins (ca 18 Cents). So I win money but you say I should not play this game. Can you exactely tell my why?
Its right the game is not that fair I can see that every day too, but as long as I am winning over all (and I never lost anything so far playing every day) who cares.
Keep in mind that this multiplayer game challenge coins are a gift. You have to do nothing for it. Not even solve a capcha or viewing ads.
And if everyone blocks all ads on this side, no one will earn any money here at all soon. Why not look at a few banners and if you dont like popups, than use a good popup blocker addon - it works.
Its right - never deposit coins at coinpot. There are too many bugs with this site, but there is no need to invest here anyhow.

I said I lost 300 tokens after 100k autorolls... IN 5 WINDOWS, and of course the 100k token rolls were not reached in every window: only 50k rolls in best window and yes, more than 100k autorolling in 5 windows (so the statistic is EVEN WORSE). So total token lost: 300 * 5 = 1500 tokens. And the 100 token award for every challenge star accomplished WAS NOT AWARDED. TOTAL BALANCE: -1500 tokens lost . And of course: energy consumption (take your excel and make numbers... the profits -when happens- is ridiculous).
Are you feeling right knowing you are gambling a game which is NOT REALLY FAIR? There is a CPU consumption higher than normal too when autorolling (you can check it), so you are making something (not nothing: you are spending energy so make balance and check if it is OK for  you).
This game could be a "gift" for many users... but this is oriented to cheat the user, engage it and make him/her to deposit crypto to still playing (and losing).
I reveal the trick to block automatically all ads (ad-block does not work) because I will fight agains this SCAMS while I can.
So remember everybody: DO NOT DEPOSIT CRYPTO @COINPOT.CO and think about if it is beneficial to spend CPU time (energy) when profit (challenge stars) are not awarded and token lost is NOT PROVABLY FAIR!

well you have lost 1500 token with multiplier. these tokens are given for free, and you can always exchange in bitcoins.
this is 1,5% of your amount wagered. this amount lost is around 0,1612 USD.

You know that this is gambling and you are playing a dice game? There is nothing strange. it's math. or it's luck.

I share with you a secret since you scream "don't deposit". You can save a LOT of money using their deposit / exchange system.
Around 5 USD for each trade or even more. These are worth MUCH MUCH more of your 0,1612 USD lost in test with a gambling site. Don't blame a website for your lose in gambling. If it was so easy win ... they were definitely off line!


exactly

this is not like "crypto-mining" where you have multiple machines running all the time and comparing electricity costs!
you are trying to game their system but its just gambling
sometimes you lose

i'll repeat what i have said previously in this thread - "Provably Fair" does not mean that you are guaranteed to win.
or that you are guaranteed to lose.
or that you are guaranteed to break even on a 0% house edge system.
all it means is that each roll is essentially pre-determined and fair, and neither you or coinpot can fix it so that they win.
i know the math behind is quite advanced which makes people suspicious but lots of other sites use the same technique to guarantee fairness.

also, i hope these people boasting about running 100k across multiple machines and advising users how to block ads dont come back here crying when their accounts are blocked by CoinPot
you are just spoiling everything for myself and other users
Well, I am ABSOLUTELY not agree and I will always fight against this kind of sites as long as I can. There is none so blind as those that cannot see.

And to continue talking about last problems on site, from today daily loyal bonus from DASH and BCH faucets were reseted to 0.

When did you last claim from Dash and BCH , before today ?

Just to clear up any confusion - all the CoinPot faucets are up-and-running again now and paying temporary bonuses.
newbie
Activity: 126
Merit: 0
For all Coinpot users: Again, multiplier seems to be a scam so don't play it.

Tested again last 5 days with this config:

- 5 distributed computers with 100k autoroll each one and different IP
- Different multiplier combinations: always higher, always lower, always alternate, alternate when win, alternate when lose
- RESULT: More than 300 tokens lost IN EACH WINDOW! AND EVERY DAY!!

So be very carefull when playing multiplier... you should NEVER DEPOSIT crypto on websites like this.

You say you lost 300 coins after 100k autorolls, but in the same time you win 2100 challenge coins (and they pay this most of the time). So as I calculate this, it is a win of 1800 coins (ca 18 Cents). So I win money but you say I should not play this game. Can you exactely tell my why?
Its right the game is not that fair I can see that every day too, but as long as I am winning over all (and I never lost anything so far playing every day) who cares.
Keep in mind that this multiplayer game challenge coins are a gift. You have to do nothing for it. Not even solve a capcha or viewing ads.
And if everyone blocks all ads on this side, no one will earn any money here at all soon. Why not look at a few banners and if you dont like popups, than use a good popup blocker addon - it works.
Its right - never deposit coins at coinpot. There are too many bugs with this site, but there is no need to invest here anyhow.

I said I lost 300 tokens after 100k autorolls... IN 5 WINDOWS, and of course the 100k token rolls were not reached in every window: only 50k rolls in best window and yes, more than 100k autorolling in 5 windows (so the statistic is EVEN WORSE). So total token lost: 300 * 5 = 1500 tokens. And the 100 token award for every challenge star accomplished WAS NOT AWARDED. TOTAL BALANCE: -1500 tokens lost . And of course: energy consumption (take your excel and make numbers... the profits -when happens- is ridiculous).
Are you feeling right knowing you are gambling a game which is NOT REALLY FAIR? There is a CPU consumption higher than normal too when autorolling (you can check it), so you are making something (not nothing: you are spending energy so make balance and check if it is OK for  you).
This game could be a "gift" for many users... but this is oriented to cheat the user, engage it and make him/her to deposit crypto to still playing (and losing).
I reveal the trick to block automatically all ads (ad-block does not work) because I will fight agains this SCAMS while I can.
So remember everybody: DO NOT DEPOSIT CRYPTO @COINPOT.CO and think about if it is beneficial to spend CPU time (energy) when profit (challenge stars) are not awarded and token lost is NOT PROVABLY FAIR!

well you have lost 1500 token with multiplier. these tokens are given for free, and you can always exchange in bitcoins.
this is 1,5% of your amount wagered. this amount lost is around 0,1612 USD.

You know that this is gambling and you are playing a dice game? There is nothing strange. it's math. or it's luck.

I share with you a secret since you scream "don't deposit". You can save a LOT of money using their deposit / exchange system.
Around 5 USD for each trade or even more. These are worth MUCH MUCH more of your 0,1612 USD lost in test with a gambling site. Don't blame a website for your lose in gambling. If it was so easy win ... they were definitely off line!


exactly

this is not like "crypto-mining" where you have multiple machines running all the time and comparing electricity costs!
you are trying to game their system but its just gambling
sometimes you lose

i'll repeat what i have said previously in this thread - "Provably Fair" does not mean that you are guaranteed to win.
or that you are guaranteed to lose.
or that you are guaranteed to break even on a 0% house edge system.
all it means is that each roll is essentially pre-determined and fair, and neither you or coinpot can fix it so that they win.
i know the math behind is quite advanced which makes people suspicious but lots of other sites use the same technique to guarantee fairness.

also, i hope these people boasting about running 100k across multiple machines and advising users how to block ads dont come back here crying when their accounts are blocked by CoinPot
you are just spoiling everything for myself and other users
Well, I am ABSOLUTELY not agree and I will always fight against this kind of sites as long as I can. There is none so blind as those that cannot see.

And to continue talking about last problems on site, from today daily loyal bonus from DASH and BCH faucets were reseted to 0.

When did you last claim from Dash and BCH , before today ?
legendary
Activity: 3276
Merit: 3537
Nec Recisa Recedit
Well, I am ABSOLUTELY not agree and I will always fight against this kind of sites as long as I can. There is none so blind as those that cannot see.

And to continue talking about last problems on site, from today daily loyal bonus from DASH and BCH faucets were reseted to 0.

You are fighting against math or luck. We have explained in all way, this is GAMBLING.
Maybe in a long long series you will win again and going to 0 or hit a winning strike.
Blame a website / service for ...nothing will not help ... anyone, and you're just wasting your time .
sr. member
Activity: 840
Merit: 267
Chad Hodler since 2013
Booya! We're back on business.
full member
Activity: 158
Merit: 100
Only things that seem to not be working now are the solvemedia captchas on Mooncash and Bitfun, and the offers on Moonbit.

Think everything else is in order now.
sr. member
Activity: 1680
Merit: 379
Top Crypto Casino
The old faucets are back online.
jr. member
Activity: 111
Merit: 2
For all Coinpot users: Again, multiplier seems to be a scam so don't play it.

Tested again last 5 days with this config:

- 5 distributed computers with 100k autoroll each one and different IP
- Different multiplier combinations: always higher, always lower, always alternate, alternate when win, alternate when lose
- RESULT: More than 300 tokens lost IN EACH WINDOW! AND EVERY DAY!!

So be very carefull when playing multiplier... you should NEVER DEPOSIT crypto on websites like this.

You say you lost 300 coins after 100k autorolls, but in the same time you win 2100 challenge coins (and they pay this most of the time). So as I calculate this, it is a win of 1800 coins (ca 18 Cents). So I win money but you say I should not play this game. Can you exactely tell my why?
Its right the game is not that fair I can see that every day too, but as long as I am winning over all (and I never lost anything so far playing every day) who cares.
Keep in mind that this multiplayer game challenge coins are a gift. You have to do nothing for it. Not even solve a capcha or viewing ads.
And if everyone blocks all ads on this side, no one will earn any money here at all soon. Why not look at a few banners and if you dont like popups, than use a good popup blocker addon - it works.
Its right - never deposit coins at coinpot. There are too many bugs with this site, but there is no need to invest here anyhow.

I said I lost 300 tokens after 100k autorolls... IN 5 WINDOWS, and of course the 100k token rolls were not reached in every window: only 50k rolls in best window and yes, more than 100k autorolling in 5 windows (so the statistic is EVEN WORSE). So total token lost: 300 * 5 = 1500 tokens. And the 100 token award for every challenge star accomplished WAS NOT AWARDED. TOTAL BALANCE: -1500 tokens lost . And of course: energy consumption (take your excel and make numbers... the profits -when happens- is ridiculous).
Are you feeling right knowing you are gambling a game which is NOT REALLY FAIR? There is a CPU consumption higher than normal too when autorolling (you can check it), so you are making something (not nothing: you are spending energy so make balance and check if it is OK for  you).
This game could be a "gift" for many users... but this is oriented to cheat the user, engage it and make him/her to deposit crypto to still playing (and losing).
I reveal the trick to block automatically all ads (ad-block does not work) because I will fight agains this SCAMS while I can.
So remember everybody: DO NOT DEPOSIT CRYPTO @COINPOT.CO and think about if it is beneficial to spend CPU time (energy) when profit (challenge stars) are not awarded and token lost is NOT PROVABLY FAIR!

well you have lost 1500 token with multiplier. these tokens are given for free, and you can always exchange in bitcoins.
this is 1,5% of your amount wagered. this amount lost is around 0,1612 USD.

You know that this is gambling and you are playing a dice game? There is nothing strange. it's math. or it's luck.

I share with you a secret since you scream "don't deposit". You can save a LOT of money using their deposit / exchange system.
Around 5 USD for each trade or even more. These are worth MUCH MUCH more of your 0,1612 USD lost in test with a gambling site. Don't blame a website for your lose in gambling. If it was so easy win ... they were definitely off line!


exactly

this is not like "crypto-mining" where you have multiple machines running all the time and comparing electricity costs!
you are trying to game their system but its just gambling
sometimes you lose

i'll repeat what i have said previously in this thread - "Provably Fair" does not mean that you are guaranteed to win.
or that you are guaranteed to lose.
or that you are guaranteed to break even on a 0% house edge system.
all it means is that each roll is essentially pre-determined and fair, and neither you or coinpot can fix it so that they win.
i know the math behind is quite advanced which makes people suspicious but lots of other sites use the same technique to guarantee fairness.

also, i hope these people boasting about running 100k across multiple machines and advising users how to block ads dont come back here crying when their accounts are blocked by CoinPot
you are just spoiling everything for myself and other users
Well, I am ABSOLUTELY not agree and I will always fight against this kind of sites as long as I can. There is none so blind as those that cannot see.

And to continue talking about last problems on site, from today daily loyal bonus from DASH and BCH faucets were reseted to 0.
newbie
Activity: 126
Merit: 0
No , never calculated that , have you ? . . . . i did wonder if it was best to convert to tokens , and then from tokens to another coin , rather than coin to coin direct .

Every single conversion carries a 2.5% fee (they say it doesn't, but it does, if you don't believe it, convert btc to ltc then back to btc and see how many btc you lost).
Therefore converting from anything to tokens and from there to something else costs double the fee.

what you are referring to here is the exchange rate bid-ask spread - it is normal in almost any currency/crypto exchange

of course if you convert from one coin to another and then back again you will not get the same amount! so it would be silly to do this  Wink
but its not a fee - that would usually be a fixed or % amount for each transaction - coinpot has 0 fees

You TRULY believe using a different word for the same thing, spread instead of fee, makes a difference on the fact that you lose roughly 2.5% value in every single conversion you do?


He didn't say that it did make a difference. He just pointed out that fees and spreads are two different things. Exchanges that charge fees also have a spread, albeit a smaller one, both fees and spreads are part of the cost of exchanging.

  Ok , but spreads can vary a lot , fees stay the same . . . so if the cost of conversion stays at 2.5% is that a variable spread . What happened back in Febuary , when BCH increased in value against BTC , did the spread shrink ? . . lol . . . did anybody notice ?

Yes I noticed and no it didn't shrink, because Coinpot does NOT take the latest buying price and the latest selling price as a "spread" from some exchange, they take the latest price from some exchange and deduce a fee.

  Ok , cool . lol .  .just so i know where i stand .
This is a much better thread than the Reddit one , which is still frozen , i think i'll stay here . . Smiley
member
Activity: 585
Merit: 20
No , never calculated that , have you ? . . . . i did wonder if it was best to convert to tokens , and then from tokens to another coin , rather than coin to coin direct .

Every single conversion carries a 2.5% fee (they say it doesn't, but it does, if you don't believe it, convert btc to ltc then back to btc and see how many btc you lost).
Therefore converting from anything to tokens and from there to something else costs double the fee.

what you are referring to here is the exchange rate bid-ask spread - it is normal in almost any currency/crypto exchange

of course if you convert from one coin to another and then back again you will not get the same amount! so it would be silly to do this  Wink
but its not a fee - that would usually be a fixed or % amount for each transaction - coinpot has 0 fees

You TRULY believe using a different word for the same thing, spread instead of fee, makes a difference on the fact that you lose roughly 2.5% value in every single conversion you do?


He didn't say that it did make a difference. He just pointed out that fees and spreads are two different things. Exchanges that charge fees also have a spread, albeit a smaller one, both fees and spreads are part of the cost of exchanging.

  Ok , but spreads can vary a lot , fees stay the same . . . so if the cost of conversion stays at 2.5% is that a variable spread . What happened back in Febuary , when BCH increased in value against BTC , did the spread shrink ? . . lol . . . did anybody notice ?

Yes I noticed and no it didn't shrink, because Coinpot does NOT take the latest buying price and the latest selling price as a "spread" from some exchange, they take the latest price from some exchange and deduce a fee.
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